Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The commercial court of Bobigny has declared the liquidation of the French subsidiary of the British group Fast Despatch Logistics (FDL), which employed 649 people at nine sites in France. The data on the number of employees comes from the labour inspectorate. The parcel distribution company had a single client, the American online retail giant Amazon, which terminated the commercial contract with FDL on 9 August 2022.
While the social climate within FDL had hardened this winter due to initial rumours of asset transfers to other countries, the decision to liquidate was triggered by the non-payment of salaries in July and the company's announcement that it would cease all activities after the termination of the contract with Amazon. The online retail giant blamed FDL for not complying with the Amazon Supplier Code of Conduct.
The works council said it had 'evidence that the company removed the trucks on 13 August and repatriated them to the Belgian subsidiary, which constitutes a misappropriation of the few assets of the French subsidiary'. The staff representatives asked 'the public authorities to initiate the necessary criminal proceedings to punish these clear criminal offences by the FDL company'.
Eurofound (2022), Fast Despatch Logistics, Closure in France, factsheet number 107419, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107419.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
